1. What p-value did you get in your randomization? Explain in the context of the
ID: 3057421 • Letter: 1
Question
1. What p-value did you get in your randomization? Explain in the context of the problem what the p-value means.
2. Do you think the data support the null hypothesis of no difference in mean student loan debt between males and females or the alternate hypothesis that there is a difference? Explain your answer.
Randomized differences: Mean of Loans (Male Female) Count proportion of 3000 runs 0.3557 0.3263 0.682 Event -1001.801242 or below 1001.801242 or above Total 1067 979 2046 Frequency 100 80 60 40 20 0 -5000 5000 Randomized difference of meansExplanation / Answer
1. Here p - value i got is 0.682 in my randomization experiment. Here it is meant that there is 0.682 probability that we get the given difference or more than it of mean student loan debt between male and females.
2. Here as p- value is greater than 0.05 so we can reject the ull hypothesis and can say that there is no difference in mean student loan debt between males or females.
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